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Economic 0

Hidroelectrica appoints Iulius-Dan Plaveti as new CEO

The Supervisory Board named Plaveti chief executive from 29 May 2026, with a mandate running to November 2027. Stan Mihail-Dan becomes CFO.

  • Iulius-Dan Plaveti appointed Hidroelectrica CEO from 29 May 2026, mandate until November 2027.
  • Stan Mihail-Dan named chief financial officer in the same Supervisory Board decision.
  • Hidroelectrica remains Romania's largest electricity producer and top Bucharest Stock Exchange listing.

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Economic +2

Deloitte: global insurance premiums to grow 150% by 2035

A new Deloitte study forecasts accelerated expansion in the global insurance market, with gross written premiums potentially rising by 150% within a decade.

  • Deloitte projects 150% growth in global gross written premiums by 2035.
  • Key drivers include demographics, digitalisation and rising climate-related risks.
  • Romania has one of the EU's lowest insurance penetration rates, leaving significant untapped potential.

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Economic +1

MessengerOS adds WhatsApp and plans AI-powered automation

The Romanian email and SMS marketing platform is expanding into omnichannel, but WhatsApp comes at a price — at least eight cents per message.

  • MessengerOS has integrated WhatsApp as its third channel, after email and SMS.
  • WhatsApp messaging starts at eight cents per message, more expensive than other channels.
  • AI automation features are in development, with no release date announced.

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Economic +2

UiPath: a client compressed four weeks of work into three hours

UiPath founder Daniel Dines shared a striking AI efficiency case study alongside the company's Q1 fiscal 2027 financial results.

  • A major electronics client cut a project from four weeks to three hours using AI agents.
  • Daniel Dines says AI agents compress implementation timelines from quarters to weeks.
  • The figures were disclosed in UiPath's Q1 fiscal 2027 financial results.

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Economic -2

Deloitte: a third of global GDP lost every year to resource waste

A joint Deloitte and Circle Economy report puts the annual global cost of inefficient resource use at over €25 trillion, spread across five main loss categories.

  • Annual losses from resource inefficiency exceed €25 trillion worldwide, nearly a third of global GDP.
  • The Deloitte–Circle Economy report flags waste as the single largest of five loss categories.
  • Less than 10% of materials used globally are effectively recycled or reused at industrial scale.

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Economic 0

Google to raise $80 billion for AI infrastructure

Alphabet is shifting away from share buybacks and turning to equity issuance to fund its growing artificial intelligence ambitions.

  • Alphabet plans to raise up to $80 billion through new share sales.
  • Funds are earmarked for AI infrastructure, including data centres and computing capacity.
  • The company is abandoning its large-scale buyback strategy, reversing years of financial policy.

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Economic -1

European markets open June in the red as Middle East tensions weigh

Stalled US-Iran negotiations and fresh regional instability dragged European indices lower on Monday, while EasyJet bucked the trend with a 10% gain.

  • European bourses ended Monday lower, weighed down by Middle East tensions.
  • Deteriorating US-Iran negotiations fuelled investor concerns over regional stability.
  • EasyJet shares rose 10%, running counter to the market's overall decline.

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Economic +2

An Ialomița farmer keeps his business steady through retail contracts and exports

Ionel Cârstoiu, founder of the Gheorghe Doja Agricultural Cooperative, says retail partnerships and foreign markets have replaced weather-driven uncertainty with something closer to predictability.

  • The Gheorghe Doja Agricultural Cooperative in Ialomița combines local production with retail and export channels.
  • Founder Ionel Cârstoiu argues that diversified sales reduce dependence on unpredictable weather and local demand.
  • The cooperative model lets small producers access large contracts they could not fulfil individually.

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Economic +2

OpenAI gives nine major UK banks access to its cybersecurity tool

GPT-5.5 Cyber enters British banking as rival Anthropic blocks its own similar tool from the same market.

  • OpenAI granted GPT-5.5 Cyber access to nine of the UK's largest banks.
  • Rival Anthropic simultaneously restricted UK banks from using its Claude Mythos tool.
  • The terms of the deal and the identities of the banks have not been disclosed.

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Economic -2

Aramis Invest cuts salaries by 30%. Workers cheer as office colleagues face layoffs

Maramureș county's largest employer has forced hundreds of white-collar staff to choose between steep pay cuts and redundancy, exposing deep internal divisions.

  • Hundreds of white-collar staff face a choice between 30% pay cuts or redundancy.
  • Production workers expressed open satisfaction at their office colleagues' predicament.
  • Aramis Invest has not publicly explained the full rationale behind the restructuring.

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